Accrued revenue occurs when a company has earned revenue but hasn't billed a client for payment. To record accrued revenue, the company accountant debits accrued billings and credits revenue for the ...

Should a small business use a cash or accrual accounting method? A CPA answers with examples. If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with both ...

Cash basis and accrual or basis accounting are two types of accounting methods used to keep track of income and expenses for budgeting and income tax purposes. The type of accounting method that you ...

Mitchell Grant is a self-taught investor with over 5 years of experience as a financial trader. He is a financial content strategist and creative content editor. Dr. JeFreda R. Brown is a financial ...

Accrued interest is used when an investment pays a steady amount of interest, which can be easily prorated over short periods of time. Bonds are good examples of investments where accrued interest ...

There are many industries where companies provide goods or services but aren’t immediately paid for them. From an accrual basis accounting standpoint, these represent accrued revenue for the company.